Core Viewpoint - The company has demonstrated significant revenue growth and a substantial reduction in losses in H1 2025, driven by its focus on "AI agent + world model" and continuous investment in R&D, positioning itself for further expansion in various industries through its "AI+X" strategy [1][2][3][4] Financial Performance - In H1 2025, the company achieved a revenue of 2.626 billion yuan, representing a year-on-year increase of 40.7% [2] - The adjusted net loss attributable to the parent company was 44 million yuan, narrowing by approximately 71.2% year-on-year [2] - R&D expenses for H1 2025 amounted to 893 million yuan, up 5.1% year-on-year, with a R&D expense ratio of 34.0%, down 11.5% year-on-year [2] Business Segmentation - The "Fourth Paradigm Prophet AI" platform generated revenue of 2.149 billion yuan in H1 2025, a year-on-year increase of 71.9%, accounting for 81.8% of total group revenue [3] - The SHIFT intelligent solutions business contributed 371 million yuan, approximately 14.1% of total revenue [3] - The Fourth Paradigm AIGS service business generated 106 million yuan, representing about 4.1% of total revenue [3] Strategic Initiatives - The company is actively exploring "AI+X" applications, particularly in the AI + energy storage sector, by launching a joint venture to optimize control of virtual power plants and enhance operational efficiency [4] - In the AI + stablecoin sector, the company is collaborating with leading brokerages to develop risk control and compliance solutions, ensuring the safety and stability of stablecoin assets [4]
第四范式(6682.HK)：业绩高增 AI驱动业务多领域拓展